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Disgraced former chief executive of Steinhof Markus Jooste has reportedly shot himself just more than 24 hours after the Financial Sector Conduct Authority revealed that it was fining him a whopping R475-million and that it planned to pursue a criminal case.

Lieutenant Malcolm Pojie of  SAPS confirmed to Daily Maverick early on Thursday evening that the Hermanus police opened an inquest docket after they responded to a shooting incident at about 14.40pm on Thursday afternoon at Kwaaiwater beach in Hermanus. The 63-year old man sustained a gun shot wound to the head and and succumbed to his injuries shortly after arrival at a private hospital.

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